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Weekend UPDATE for September 5-6, 2020

Iraqi TV is broadcasting that the delegation from Kurdistan has changed their visit from Sunday to the middle of the week.

The new governor of the CBI is expected to be announced soon.

Some wealth managers are reportedly working throughout the day – accounts are anticipated being funded at any moment this weekend.

Sunday

The 2020 budget was referred to the Council of Ministers and then referred to the House of Representatives for approval. Without any changes, it was confirmed that this budget includes the bonuses and promotions for all employees and that it was the same budget that was prepared earlier.

Fridays Update:  US Bank info: US banks are “cranking it back up” with anticipation of exchanging……..very soon! Some were called back to their exchange center locations early this Friday morning. Some are working from 6:00 AM to 11:00 PM, 4-Day shifts. Eastern time. Some are being housed in hotels for easy, quick access to their stations. Some were instructed to have a FULL STAFF in place at 6:00 AM on Saturday and to shifts. Eastern time. Some were told to cancel their Saturday Labor Day plans. Many are planning on working throughout the holiday weekend!

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Tishwash:  Al-Shammari: Al-Kazemi needs quick measures to stimulate the economy

Head of the Parliamentary Committee on Agriculture, Water and Marshlands, Salam al-Shammari, confirmed, on Sunday, that Prime Minister Mustafa Al-Kazemi needs quick measures to revitalize the economy, especially on the agricultural side, which is an important resource for the budget after oil.

Al-Shammari said in a statement, a copy of which was received by the information, that “Al-Kazemi needs quick measures for what he promised to implement, especially in the economic, investment and financial aspect, by strengthening internal investments and opening the way for foreign investments and through steps that enhance confidence internally and externally in the local market.”

Al-Shammari added, “One of these measures is to create the appropriate security environment in particular for the entry of large investors.”

He explained, “The continuation of achieving sufficiency in crops and agricultural and animal products requires the start of major projects and extensive land reclamation to ensure continuity without the local market being affected by any crises.  link

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Tishwash:  Kurdish MP: The sums that Baghdad sends to Erbil are disappearing as if they are going to the Bermuda Triangle

Representative of Sulaymaniyah Governorate, Yusra Rajab, confirmed, on Sunday, that the salaries of employees in Kurdistan will remain suspended unless they are resolved by the federal government, indicating that the sums that Baghdad sends to Erbil disappear as if they are going to the Bermuda Triangle.

“The salaries of employees in Kurdistan will remain suspended unless they are resolved by the federal government,” Rajab said in a televised statement followed by Al-Akhbariya.

She added, “The visit of the regional president, Nechirvan Barzani, to Turkey, is a violation of the Iraqi constitution, with regard to the country’s foreign policy, and he must answer the details of the visit and who is authorized to go to Turkey.”
And she continued, “There is no such thing as the Kurdistan Regional Government, but rather there are two influential parties that control the situation,” asking the federal government to form a committee to follow up the funds that go to the region.   link

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Tishwash:   Baghdad investment reveals the details of the largest tourist resort in Iraq

The Baghdad Investment Commission revealed, on Sunday, the details of the largest tourist and entertainment resort in the country in the Dora area on the Karkh side of Baghdad, confirming that its area exceeds 53 dunums .

In a statement to Al-Sabah newspaper, Shaker Al-Zamili said, in a statement to Al-Sabah newspaper, today (September 6, 2020) that “the authority, within its projects in the tourism and entertainment sector, granted an investment license to a private sector company to establish the largest tourist and leisure resort in the country in the Dora area near the two-floor bridge to be Complementing the series of entertainment tourism projects in the capital. ”

He stressed that the resort is distinguished by its large area of more than 53 dunums, and will provide a lot of services, events and recreational activities, which distinguishes it from the rest of the similar projects currently implemented, and includes a 26-storey hotel tower, a water city, a commercial center, a library, a closed games city, in addition to spaces. Green.

Al-Zamili added that the resort will also include a commercial center called (Iraq Mall) that contains four layers that are being implemented at a very high level of construction and in a modern and distinctive style, explaining that the engineering and technical staff of the authority indicated an acceleration in the rates of achievement, especially that the company implementing it was keen on continuity Its implementation despite the current conditions the country faces in facing the Corona pandemic  link

Tishwash:  Expert: The banking system needs to be rehabilitated and away from the big benefits

The economist, Wissam Al-Tamimi, confirmed that the banking system needs to be rehabilitated and to move away from the large benefits when granting loans, pointing out that the loans released by banks burden the state and the citizen at the same time.

“Most of the citizens resort to banks in order to borrow, while most of these loans are granted to employees, which will create class differences between members of society,” Al-Tamimi said in a press statement followed by Al-Independent.

He added, “The banking system needs to be rehabilitated, so that it works to attract the money inside the homes by granting profits and interest on the money deposited in banks, as well as the state benefiting from these funds in filling its budget deficit, thus achieving the benefit for the citizen and the state at the same time.”

And that “the loans released by the banks are straining the shoulders of the state, as well as the citizen because of the depletion of the budget, and also impose large benefits of up to 50% despite the fact that the repayment period is relatively large.”   link